Sep 9 • 48M

Episode 7: 🧐 How to build a great strategy!

The answer to Russell's question: "What’s your process for building strategy?"

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🧐 New to product management? Considering becoming a PM? Miss happy hour in our new remote/hybrid work world? Join us for Product Happy Hour 🍻🎙, where you can do happy hour in your sweatpants! 🎉 Drink with your favorite product people, Ajay Waghray and Era Johal, while learning more about building great products. Support this podcast at producthappyhour.com
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🍻 Join us for happy hour in your sweatpants! In this episode, we answer Russell's question, "What’s your process for building strategy?" Era and Ajay are here to provide a non-filtered primer on what is a good strategy, what's a bad strategy, and the process for building a good one!

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We would love to hear what you think! Have any other process ideas for Russell? Any ideas for great drinking games?! Let us know in the comments! 💬

🎥 Check out the video on YouTube:


✍🏾 Show Notes

7:26 Today’s “Cool Product Thing”

13:30 Show outline

14:07 Join our episode’s drinking game

18:30 What are the 3 components of a strategy

19:57 Diagnosis

22:22 Guiding policy

23:17 An actionable plan

23:45 Strategy example from UberX vs Lyft

29:15 How to know if a strategy is bad

37:00 Methodologies to build a strategy

35:54 How OKRs relate to a strategy

37:16 SWOT method for diagnosis

40:15 Salon style discussion for building a strategy

43:48 Check for wake to evaluate your final strategy

45:14 Share early and often to fine tune


📚 Resources referenced in this episode


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